Midday update for Gold 08-08-2019
Economies.com
2019-08-08 09:38AM UTC
Gold price keeps fluctuating within the minor bearish channel, waiting for breaching this resistance at 1505.00, to rienfroce the expectations by the continuation of the main bullish trend, which targets visiting 1526.85 level as a next main station, pointing that breaking 1484.40 will push the price to test 1470.00 level initially before any new attempt to rise.
The expected trading range for today is between 1484.00 support and 1525.00 resistance.
The expected trend for today: Bullish
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